Central Bank and Credit Institutions (Resolution) Act 2011

81.

Bank may make money available.

81.— (1) The Bank may, for the purpose of cooperating in the pursuit of Objective 1, and to facilitate the transfer of accounts of eligible depositors of the authorised credit institution concerned—

( a) make money available from the F29 [ Fund or, where appropriate, the legacy fund, ] or

( b) make payments and charge the payments on the F29 [ Fund. ]

(2) Section 8 of the Financial Services (Deposit Guarantee Scheme) Act 2009 shall apply in respect of payments charged on the F29 [ Fund ] under subsection (1)(b) as if the reference in that section 8 to a payment in accordance with the F29 [ Regulations of 2015 ] were a reference to a payment in accordance with this section.

Annotations:

Amendments:

F29

Substituted (20.11.2015) by European Union (Deposit Guarantee Schemes) Regulations 2015 (S.I. No. 516 of 2015), reg. 32(d), in effect as per reg. 1(2).